Government faces its worst-ever economic crisis.
African Business › Nbr. 1994, January 1994
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Summary
Cameroon
The government of Cameroon agreed to devalue the CFA franc in Jan. 1994, as part of a medium-term strategy to stem the country's continuing economic downturn. Worsening terms of trade and falling oil prices since the mid-1980s have taken their toll on Cameroon's economy but previous strategies based solely on internal measures failed to correct these problems. Thus, government decided to implement an adjustment program based on fiscal adjustment to restore competitiveness and bring the economy back to a sustainable growth path.See the full content of this document
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Government faces its worst-ever economic crisis.
Worsening terms of trade and falling oil prices since the mid-1980s have taken their toll on the Cameroon economy. Although the government tried to stop the deterioration by tigh...
See the full content of this document
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